ELEVATE USA
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,780,741
Contributions
78%
Government Grants
17%
Program Services
3%
Investments
1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$2,482,886
Salaries & Benefits
50%
Other
21%
Grants
20%
Offices, Occupancy & IT
4%
Fees to Service Providers
3%
Advertising & Promotion
1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,505,100
$2,179,919
+45%
Government Grants
$589,009
$480,728
-18%
Fundraising Events
$0
$0
-
Program Services
$32,115
$88,088
+174%
Membership Dues
$0
$0
-
Investments
$5,882
$32,006
+444%
Other
$0
$0
-
Total Revenues
$2,132,106
$2,780,741
+30%
Expenses
2023
2024
Change
Grants
$541,449
$498,795
-8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,326,277
$1,250,115
-6%
Fees to Service Providers
$80,575
$85,970
+7%
Advertising & Promotion
$73,524
$28,971
-61%
Offices, Occupancy & IT
$91,210
$89,953
-1%
Interest
$0
$0
-
Depreciation
$4,316
$0
-100%
Other
$577,039
$529,082
-8%
Total Expenses
$2,694,390
$2,482,886
-8%
Net income
2023
2024
Change
Net income
-$562,284
+$297,855
-153%
Functional Expenses
Summary
2023
2024
Change
Program
$2,113,623
$1,971,129
-7%
Admin
$345,469
$264,770
-23%
Fundraising
$235,298
$246,987
+5%
Total Expenses
$2,694,390
$2,482,886
-8%
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